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Dec 3, 2012 7:00am PST
that's wa ood for the american economy is that a group of republicans weade they're going to block e's increase in tax rates on wealthy americans. >> reporter: geithner says he's optimistic a deal is possible. even as a key negotiator tells bs news the deadline to reach 15tromise is december 15th. e foress needs time for the rocessative process to work. to the house and senate to pass presidentnd for the president to sign it by december 31st. >> right now i would say we're eportee. period. we're nowhere. >> reporter: calling the president's plan to avert the asking fiff a nonserious proposal. th ohe president is asking for $1.6 trillion worth of new revenue over ten years. twice as much as he's been asking for in public. excee stimulus spending in here wast exceeded the amount of new not ahat he was willing to consider. it was not a serious offer. > i think we're going over the cliff. it's pretty clear to me they've ode a political calculation. this offer doesn't remotely deal with entitlement reform and a way to save medicare and medicaid and social security from imminent bankruptcy
Nov 28, 2012 7:00am PST
or the economy. > a tough white house ally, nglinois senator dick durbin argued against using fiscal cliff pressures to scale back paidare and medicaid benefits. >> these are people that have paid in over a lifetime into protectecurity and medicare and fully expect the protection bech they've invested in to be that'snd it has to be there. republicans anyblicans are demanding in any fiscal cliff deal. o raisew never to raise taxes on the w o entitlement programs now gobbling up more than 60% of annual federal spending. that means the white house to dough if i liberal democrats or >> the p enrage republicans. ted to thesident is very committed to the proposition itht we can deal with these challenges if we come together oach.dopt a balanced approach. >> i may sound glib what i'm about to say but this white house is really serious about an issuewhen it goes to twitter. anew white house hash tag on preserving the middle class tax preserving. that's $2,000, average amount that taxes would rise if the bush era texas cuts are not ttended. eek white house plans to hammer its issue all week, believ
Nov 29, 2012 7:00am PST
the economy if you raise taxes on the top two rates. that's not the right approach. >>> string of nasty storms barreling into the west coast. powerful winds have started knocking out power. >> just need to get to the other side of town. i don't have a choice. >> picked a bad day to do it? >> yeah. >> u.s. embassy in cairo is closed. the entrance is blocked by protesters as clashes erupt nearby. >> zebra and s hechlt tland pony ran wild through the streets of new york city. they apparently escaped from a petting zoo. >>> nypd says actress lindsay lohan has been raefed and charged with assault. >> three, two, one. >> only nbc would make a television event out of plugging something in. >> all that -- >> oh, humphries and rondo get into it. officials trying to get control here. >> don't tell me what i think. when i said i didn't have a problem, i don't have a problem. got it? >> and all that matters. >> president obama plans to play host to his old political rival, mitt romney. >> on "cbs this morning." for lesss part of president afford to picko cut spending, invite someone to lunch who can actua
Search Results 0 to 2 of about 3